Three reasons why Bombardier is still a buy

David Berman

— The Globe and Mail

Published Thursday, Jan. 16, 2014 1:16PM EST

Last updated Thursday, Jan. 16, 2014 1:16PM EST

When you look at any stocks associated with air travel, from aerospace manufacturers to airlines, one thing is clear: Bombardier Inc. has been left out of a remarkable rally over the past year. But this poor performance could be about to change.

After factoring in today's decline, its share price in Toronto has risen just 6 per cent over the past year, and it is still down more than 20 per cent since the end of October. Of course, it remains well below highs seen more than a decade ago.